OPPORTUNITIES THROUGH ORACLE'S GLOBAL KNOWLEDGE SOFTWARE ACQUISITION

Overview

On July 31, 2008, Oracle announced it has entered into an agreement to acquire Global Knowledge Software LLC (GKS), a division of Global Knowledge, Inc. and a leading provider of self-service training automation software.

The combination of GKS, Oracle Tutor, and Oracle's learning management software iLearning and eLearning, is intended to provide customers a comprehensive, end-to-end enterprise solution for creating and deploying business process documentation, interactive system training, and just-in-time support available within the applications. Customers will have access to a single solution for end-user training and process documentation that can support all Oracle and non-Oracle applications across their enterprise. By including this solution as a part of any application implementation or upgrade project, customers are expected to speed the time to productivity for their application end users.

The transaction is subject to customary closing conditions and is expected to close in the third calendar quarter of 2008.